“We’re excited about working with Bloomberg to provide our expertise in
commercial and residential analytics to a significant worldwide
audience,” said Steven Abrahams, Head of MBS and Securitization Research
at Deutsche Bank.

The Deutsche Bank CMBS Credit Model, which enables investors to estimate
the overall value of commercial mortgage securities and effectively
analyze loan portfolios, is the first independent CMBS model on the
Bloomberg Professional service. The proprietary credit model, available
to all Bloomberg users, can be accessed on the terminal through CMBS
analytics powered by Bloomberg cash flows. Users can select Deutsche
Bank's base, best and worst case scenario models from a drop down menu
on analytics such as SPA<GO> and SYT<GO>.

Through the model, investors can apply scenarios on a loan level basis
and assess the impact on related bond cash flows. The Deutsche Bank CMBS
Credit Model is designed to reflect views on a combination of factors
including commercial real estate fundamentals, financing conditions,
borrower behavior and servicing standards.

“The Deutsche Bank CMBS Credit Model is a valuable analytic tool that
leverages our expertise and innovation in commercial real estate,” said
Harris Trifon, Global Head of CRE Debt Research at Deutsche Bank. “We
believe our approach is the most effective way to help investors
understand and compare deals.”

"We're pleased to integrate Deutsche Bank's models with our cash flows
and analytics so clients can better assess financing conditions
impacting the mortgage market," said Russel Parentela, Bloomberg's
Global Head of Structured Products. “Bloomberg is committed to
collaborations that provide even more value, transparency and
efficiencies to our clients."

Deutsche Bank has also provided the Deutsche Bank Mortgage Prepayment
Model, an agency mortgage backed security prepayment model, to Bloomberg
subscribers. With this model, analysts, portfolio managers and traders
will be able to assess an independent prepayment opinion to better
analyze bond value and risk.

Deutsche Bank’s agency prepayment model incorporates the latest changes
to government refinance programs to provide accurate estimates of cash
flows. It is fully integrated into Bloomberg’s analytical tools and
application program interface (API). Users can access the model on
analytics such as CFT<GO> and YT<GO>.